History
Mather was founded by Alonzo C. Mather; the company's first stock car was built in 1880. As the 20th century dawned, Mather began leasing stock cars to the railroads that used them. Railroads of the time found it less expensive to lease stock cars than to purchase them outright or to build them. By the 1920s, Mather had expanded their fleet to include boxcars and refrigerator cars along with a few tank cars.
With the onset of the Great Depression in the US, Mather was one of a limited number of companies that saw profits in the 1930s. As railroads eliminated freight cars out of their own fleets, leasing companies such as Mather were able to step in and supply freight cars as needed.
During World War II, Mather was one of the manufacturing companies producing the "war emergency" plan freight cars. These car types were based on designs from the 1920s and earlier; they featured a lightweight truss body built of narrow steel angle stock to support the roof with wood panels bolted to the truss beams forming the walls of the cars.
In the late 1950s Mather was merged into the North American Car Corporation of Chicago.
Read more about this topic: Mather Stock Car Company
Famous quotes containing the word history:
“It gives me the greatest pleasure to say, as I do from the bottom of my heart, that never in the history of the country, in any crisis and under any conditions, have our Jewish fellow citizens failed to live up to the highest standards of citizenship and patriotism.”
—William Howard Taft (1857–1930)
“The greatest honor history can bestow is that of peacemaker.”
—Richard M. Nixon (1913–1995)
“The history of reform is always identical; it is the comparison of the idea with the fact. Our modes of living are not agreeable to our imagination. We suspect they are unworthy. We arraign our daily employments.”
—Ralph Waldo Emerson (1803–1882)